CANADA STOCKS-Futures higher after BOJ's negative rate move

Jan 29 (Reuters) - Canada's main stock index looked set to
follow global markets higher after the Bank of Japan sprang a
surprise by taking one of its main interest rates into negative
territory.

With consumer inflation just 0.1 percent in the year to
December despite three years of aggressive money-printing, the
BOJ's policy board decided in a narrow 5-4 vote to charge a 0.1
percent interest on a portion of current account deposits that
financial institutions hold with the central bank.

March futures on the S&P TSX index were up 0.79
percent at 8:45 a.m. ET.

Oil prices extended gains to trade above $34 a barrel, a
gain of some 25 percent from the 12-year lows seen earlier in
January, and supported upbeat investors' sentiment.

The Toronto Stock Exchange's S&P/TSX composite index made
sharp gains on Thursday, with energy stocks riding an oil price
rally tied to hopes for a deal to clear a global glut, while
shares of Bombardier Inc fell further into territory
that risks expulsion from the index.

Dow Jones Industrial Average e-mini futures were up
0.69 percent at 8:45 a.m. ET, while S&P 500 e-mini futures
were up 0.64 percent and Nasdaq 100 e-mini futures
were up 0.47 percent.